I have been dream about getting a 5.0 for a few years now and I finally picked one up. I went with the GT 5.0 for a couple reasons. First, the Boss 302 is amazing (drove my friends a few times), but an extra 12K wasn't worth it for me. You can do a few mods (less than 5k) to the GT and it is just as fast in a straight like, if not faster. Second, I would not go with a V6 because I would not be able to reach my goals with what I want to do with this car. Lastly, the 2012 Cobra isn't worth the money. Way to heavy and the handling isn't great. If you buy a GT at sticker and put 10k/15k into it, it would smoke almost anything on the street and you could make the suspension pretty amazing. You would save about 15k and have a better car in my opinion.

I fell in love with the '12 Mustang body and sound when I saw a '12 Boss in person the first time, but I had to look past the (for me) juvenile graphics and overly-colorful wheels. I also couldn't see the price jump over the GT, while the GT500 was just stupid-expensive.

The GT was the best balance of desirable features. The price was a bonus. That sweet V8 with a 6-speed is like sex... just can't say no.

I know that the GT500 isnt actually a "Cobra" like the Terminator Cobra back in 2004 but it still has the Cobra badges, so technically it's still (nicknamed) a Cobra, right? That's just what I think though.

Well, I thought about a Boss, but really wanted leather and some of the other features only the GT provides including paint color choices. I've driven both and even though the Boss sounds faster, due to the quad exhaust, seat of the pants in a straight line wasn't all that different. Plus the fact that the dealers in my area that actually had a Boss on the lot were marking them up 5K over MSRP . So I got the poor man's Boss, a Brembo GT.

I originally set out t to get a 03-04 termi and started looking. Then i went to the ford lot and drove a new gt just for fun and well i guess i really had a good time because i drove it home that night

I know that the GT500 isnt actually a "Cobra" like the Terminator Cobra back in 2004 but it still has the Cobra badges, so technically it's still (nicknamed) a Cobra, right? That's just what I think though.

No, A Cobra is a Cobra. A GT500 is a GT500.
Ford "borrowed" the Cobra badge from shelby per say back in 1993.

The AC Cobra is the true Shelby Cobra. The Shelby GT500 is that, a GT500, not a Cobra.

SVT used the name Cobra back in 1993. There has not been a SVT Cobra since 2004.